BoundlessPay

29 Jan 2023 - 27 Jun 2023
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BoundlessPay (BPAY) is a global digital banking app that provides affordable, fast, and easy-to-use payment services for cross-border collections, payments, and settlements. The app utilizes blockchain and Web3 technology to solve remittance and payment problems, enabling anyone to send, receive, exchange and swap currencies easily. The platform operates on USD-pegged stable coins like USDT and USDC as an alternative way to store and spend money locally and globally.

From its funding rounds, Boundless Pay expects to raise $1.64M. The project’s investors include Emurgo Africa, Tekedia Capital, Aleph seed, Meer energy, and others.

CoinLaunch Score: Very High
Last update: 07 Nov 2023

BoundlessPay - WAITLIST Overview

Ticker: BPAY
Start Date: 29 Jan 2023
End Date: 29 Jan 2023
Country: +234
Whitelist: Yes
KYC: Yes
Bounty: Yes
MVP: Yes
Security Audit: Yes
Raise Fund: $1,640,000

BoundlessPay - Review

In the ever-evolving landscape of finance technologies, especially in Africa, traditional systems have often fallen short in addressing the diverse and dynamic needs of individuals and businesses. A variety of challenges and limitations have persisted, leaving vast populations underserved and hindering the full realization of financial potential.

Here are the main difficulties presented on such FinTech markets:

  • Accessibility Barriers;
  • High Transaction Costs;
  • Complexity and Fragmentation;
  • Security Concerns;
  • Limited Investment Options.

BoundlessPay is designed to address the challenges and limitations of cross-border payments by providing a fast, affordable, and transparent platform for global payments and remittances. 

🗝️ The key solutions offered by BoundlessPay include:

  • For Businesses - Payroll, Payment Links, Barcodes, APIs and SDKs, Business Dashboards, mPOS Devices;
  • For Individuals - Cross-Border Payments, Virtual Dollar Cards, Crypto Trading, Savings and Staking, Off-Ramping and On-Ramping, Utility Bill Payments, Virtual Accounts;
  • Gamification and Rewards.

🤑 The $BPAY token is a utility token created by BoundlessPay to offer several advantages to its users. The token will primarily be built on Base Chain and bridged into other networks such as CARDANO, SPL, ERC20, BSC, and Ethereum L2 networks in the future.

The total supply of the token will be 1 Billion BPAY, with an initial circulating supply of 41m. The token will provide access to exclusive services, discounts, and benefits within the BoundlessPay ecosystem.

 

✅ BoundlessPay’s (BPAY) pros:

  • One of the best tokenomics on the market;
  • Low FDV ($8M);
  • Low Initial Market Cap / FDV rate (3.45%);
  • Has several public Smart Contract Audits;
  • Specific region (Africa);
  • The project has a wide network of partners;
  • Above-the-average Search Engine Optimization;
  • Not bad PR performance;
  • Team participates in AMA sessions.

📛 BoundlessPay’s (BPAY) cons:

  • The project has only Tier 3 / Tier 4 backers;
  • Below-the-average SMM coverage;
  • Weak Marketing Infrastructure;
  • Poor Growth Marketing performance;
  • Influencer Marketing is absent.

BoundlessPay - Team

Rahul Sharma

Franklin Peters

RoadMap